Spanish Telecom Giant Telefonica Now Accepts Crypto
- Telefonica also announced that it will be working with Qualcomm.
- The telecom giant formed a partnership with Polygon earlier this year.
Organizations all around the globe have begun supporting cryptocurrency payments at a steady pace as crypto acceptance grows. Telefónica, the largest telecom provider in Spain, reportedly now accepts Bitcoin and other cryptocurrencies for purchases on its tech marketplace.
Following the integration of a payment option from Spain’s biggest crypto exchange, Bit2Me, the firm reportedly enabled cryptocurrency transactions on Tu.com. This week, Telefonica also announced that it will be working with Qualcomm to develop augmented reality (AR) and metaverse-related products and services.
The official statement noted:
“This agreement opens the opportunity to deliver new experiences to customers merging the digital and analogue worlds, re-imagining commerce, entertainment, and communication in the Metaverse.“
Rise in Crypto Adoption in Spain
The Spanish telecommunications giant is likewise NFT-compliant. It formed a partnership with Polygon earlier this year to provide Web3 solutions and make it simpler for businesses to issue NFTs.
Recently, a number of well-known companies have expanded their payment methods in an effort to adapt to changing times and meet the needs of their clients. Gucci, for example, said in May that some of its shops will begin taking cryptocurrencies such as Shiba Inu, Dogecoin, Bitcoin, and Ethereum. Balenciaga began taking Bitcoin and Ethereum at certain stores around the same time.
In June, Chipotle, a chain of Mexican fast food restaurants, announced that it will begin accepting cryptocurrency payments. Specifically, it just included a Post Merge similar approach to Ethereum’s. Given that the Ethereum network would use 99.95% less energy after the Merge, the well-known fast food company announced a massive discount on its steak bowl in honor of the event.
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